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The purpose of the Summit is to bring together 100 City leaders and other key stakeholders to examine how to restore trust in the financial services sector and forge a new settlement with wider society.
Participants include: Andrew Bailey, Deputy Governor of the Bank of England and Chief Executive, Prudential Regulation Authority; Chuka Umunna MP, Shadow Business Secretary; Ashok Vaswani, CEO, Retail and Business Banking, Barclays; Saker Nusseibeh, Chief Executive Officer, Hermes; Richard Sexton, Reputation and Policy, PwC; Mike Cherry, National Policy Chairman, FSB;Jane Archer, Policy Director, London First; Paul Sizeland, Director of Economic Development, City of London Corporation; Patrick Jenkins, Banking Editor, Financial Times; Chris Cummings, Chief Executive, TheCityUK and Richard Sermon, Chair, City Values Forum.
Key issues to be addressed include: How does the City restore trust, integrity and enhance its reputation? What reforms, policy remedies and actions are needed by business leaders in the financial services sector in order to achieve this? How can business leaders change the culture within their organisations to one that will result in higher levels of trust? What values should underpin the financial services sector of the future? What would constitute ‘a new settlement’ between the financial sector and wider society? What steps do we need to take to get there? What is the purpose of the financial services sector in today’s society?